All Banking & Crypto Related Details

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The Pension Fund Regulatory and Development Authority is seeing new interest from major banks wanting to manage pension funds. PFRDA is also preparing to introduce a new inflation-linked product for National Pension System subscribers. This product will offer retirees an alternative to traditional annuities. It aims to provide stable, inflation-adjusted withdrawals from their pension corpus. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/UtmSQIn via IFTTT

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ESAF Small Finance Bank's promoter, ESAF Financial Holdings, has submitted a revised plan to the RBI to reduce its stake. The new proposal ensures Dia Vikas Capital's shareholding stays below 5%, a change from the previous 12.17% that was rejected. This move aims to provide exits for existing shareholders and introduce new ones, ultimately lowering the promoter's stake. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/WpLBxwh via IFTTT

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These suggestions were made during the customary pre-budget with finance minister Nirmala Sitharaman. In a statement, the finance ministry noted that the meeting was attended by minister of state for finance Pankaj Chaudhary, secretaries of the Department of Economic Affairs, the chief economic advisor and senior officials of the ministry. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iV5EDBJ via IFTTT

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J&K Bank has a new part-time chairman. The Reserve Bank of India has approved S Krishnan for the role. His term begins on November 13, 2025, and will continue until March 26, 2028. Krishnan previously served as MD & CEO of Punjab & Sind Bank. He also held the top position at Tamilnad Mercantile Bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jLHYse9 via IFTTT

State Bank of India plans to finish its core-banking system upgrade within two years. The bank is modernizing its technology through various strategies. This includes upgrading hardware and moving to new software. SBI is also externalizing some functions and using microservices. A private cloud is being built for scalability and security. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/thbINzB via IFTTT

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In a recent announcement, the Mumbai Police Economic Offences Wing has concluded its investigation into the accounting discrepancies at IndusInd Bank, reporting a lack of evidence for any fund misappropriation. Consequently, no criminal charges will be filed against former high-ranking officials. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Hhfe1CJ via IFTTT

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SBI is implementing a new system to help its employees speak with customers in local languages. Artificial intelligence tools will assist in this transition and speed up learning. The bank is focusing on preparing its staff for these changes. This initiative aims to improve efficiency and customer service across all branches. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Ll41ZA7 via IFTTT

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